Viscose yarn price slumps in China

YarnsandFibers News Bureau 2015-12-21 06:44:37 –

Mainstream prices of 40s compact siro-spun yarn in Jiangsu fell US cents 8 a kg in the second week of December while 30s spun viscose in Xiaoshan edged down US cents 3 a kg.

Spun viscose yarn prices fell in line with VSF prices. Hereinto, offers for rabbit-hair-like yarn in China slumped, while for Fujian-origin siro-spun 40s yarn dropped.

VSF price fall was seen accelerating in recent weeks, which will not support yarn pricing.

In India, viscose yarn producers maintained low operating rates on insipid trades, and there may be price deductions in coming weeks.

30s viscose spun yarn prices were up INR1 on the week to INR163 a kg (US$2.44 a kg) in Indore market.

In Pakistan, Prices were more sharply falling in US$ terms, due to a decline of the domestic currency. However, viscose yan prices were maintained steady on firm VSF cost.

30s viscose yarn was pegged at US$2.64 a kg and 40s at US$3.49 a kg in Karachi market.

Courtesy: Weekly PriceWatch Report

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